#NZDUSD, H4 testing our Pivot. Potential for a rise.

2021년 6월 8일

Price is testing our Pivot point of 0.72261, which is in line with 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.72882, in line with the 127% fibonacci retracement, 100% fibonacci extension and horizontal swing high. Do note that price is above the moving average, in line with our bullish analysis.
Description:

Pivot: 0.72261
Why we like it:
78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap

1st Support: 0.71863
Why we like it:
50% fibonacci retracement.

1st Resistance: 0.72882
Why we like it:
127% fibonacci retracement, 100% fibonacci extension and horizontal swing high
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